Economic policy
TUAC represents the voice of labour in the international economic policy debate. Through its engagement at the OECD, TUAC fights for economic policies that create full employment and that give working people a fair share of the wealth they create.
This is done through our engagement on fiscal and monetary policy at the Economic Policy Committee and its Working Party on Macroeconomic and Structural Policy Analysis.
This work is led by Ronald Janssen, Filip Stefanovic and Adnan Habibija. For more information, please contact janssen@tuac.org, stefanovic@tuac.org and habibija@tuac.org.
OECD Economic Outlook: monetary restriction, less social spending and big bank profits
The OECD Economic Outlook May 2024 recommends keeping monetary restriction “for some time to come” and argues in favor of spending restraint – singling out pension and other social spending. ...
Unions urge G7 to deliver on wage growth
Trade unions call on G7 Labour and Employment Ministers to deliver the “sustainable growth and real wage growth” which G7 Leaders committed to at last year’s G7 summit. In a joint statement by unions from G7 countries pointing out that real wages “in almost all G7 countries remain below ...
OECD urged to ensure global long-term needs are not neglected
Trade unions are urging the OECD to encourage governments to adopt consistent long-term policy – and ensure adequate investment – to manage climate change, digital transformation, demographic change. “Governments must not abandon what is needed to achieve long-term and shared prosperity, ...
Profits are high enough to absorb pay rises says OECD
The OECD says in its March 2024 Wage Bulletin “After growing considerably and making unusually large contributions to domestic price pressures in 2021 and 2022, unit profits [..] have started to absorb some of the [..] impact of increasing unit labour costs. In most countries, there is ...
Download (326.91 KB)
OECD debt report promotes a return to austerity
In drawing a very disturbing picture of high global debt made unmanageable by high interest rates at a time when borrowing needs for the future are higher than ever, the OECD makes the very controversial claim that “Government spending needs to be highly targeted and focus more on investment in ...
OECD underestimates the risk of monetary policy tightening overshooting its goal
The OECD Economic Outlook, Interim Report of February 2024, underestimates the risk of monetary policy tightening overshooting its goal. TUAC is also concerned that OECD fails to draw the lesson of inflation declining rapidly and ignores the urgent need to start cutting interest rates as soon as ...
TUAC elects new chairs of Economic Policy & Multinational Enterprises Working Groups
TUAC is proud to announce the election of two new chairs and one new vice chair of TUAC Working Groups. The newly elected chairs and vice-chair are Geoff Tily, TUC (UK), Chair of the Economic Policy Working Group Bianca Cuciniello, UIL (Italy), Chair of the Multinational Enterprises Working ...
TUAC challenges OECD to review and revise its economic thinking
The Trade Union Advisory Committee to the OECD (TUAC) is challenging OECD to reexamine its economic policies and to shift towards a new economic paradigm putting working people at the centre of policy by unambiguously supporting full employment, secure employment and social dialogue, together with ...
Shaky jobs and economic insecurity: new OECD report
A new OECD report “On shaky grounds? Income Instability and Economic Insecurity in Europe” shows that one in six households suffer highly unstable income flows and do not have sufficient funds to stave off poverty for three months. ...
